Are you new to money laundering? With the course “New as Money Laundering Officer”, you acquire the certificate of competence as money laundering officer. What duties and tasks do you have to know as a money laundering officer in order to be fit & proper? With the course “New as Money Laundering Officer” you will learn the following professional skills:

Day 1:

  • Money Laundering Act and duty catalog according to §27 PrüfbV
  • Tasks, rights and duties of the Money Laundering Officer
  • Regulatory Audits 2019 – Current Audit Focus

Day 2:

  • 5th EU Money Laundering Directive – What’s changing?
  • Know your Customer – for demanding customer relationships

Day 3:

  • Risk analysis according to §5 GwG: Establishment of a risk management system
  • Data Protection for Money Laundering Officer – Implementation §58 GwG

Day 4:

  • Top prepared for the money laundering review of regulators
  • Investigations and criminal proceedings: What you as a money laundering officer should know and pay attention to?

 

Book the course “New as Money Laundering Officer” online with the product no. L12 through our course registration form.

 

Price for the Course New as Money Laundering Officer

Price: 2.760,– £ excl. 19% VAT.

Included in the price:
Participants documents as PDF,  3-course meal, coffee, tea, soft drinks and snacks in the breaks

Book online with the product no. L12. Convenient and easy with the course registration form online.

 

 

New as Money Laundering Officer

 

Course “New as Money Laundering Officer”

Are you a new as money laundering officer? You should check the following points for your job as money laundering officer.

The Money Laundering Act itself does not contain any particular reference to the expertise of the Money Laundering Officer, as MaComp, for example, stipulates for the Compliance Officer. BaFin Circular 1/2014, however, requires the expertise of the Money Laundering Officer and his deputy.

In accordance with the BaFin’s administrative practice, the Money Laundering Officer must possess the necessary expertise with regard to the legal requirements for preventing money laundering and financing terrorism.

When selecting the suitable course for money laundering officers and compliance officers, we recommend our task and duties check.

 

Course “New as Money Laundering Officer” – 4-day course for your expertise certificate

  • Tasks, rights and duties of the Money Laundering Officer at a glance
  • Current Guide to the new Money Laundering Act – Implementation of the 4th EU Money Laundering Directive
  • How can money laundering and fraud structures be recognized, assessed and prevented in time?
  • Prevent liability cases: Special searches and checklists for unerring test criteria – Create suspicious transaction reports and hazard analyzes
  • Top prepared for the money laundering review of regulators
  • Legal security in money laundering & white-collar crime
  • Investigations and criminal proceedings: What you as a money laundering officer should know and pay attention to?

 

Target group for  the course “New as Money Laundering Officer”

  • New appointed as a director or board member,
  • Money Laundering Officers, Deputy Money Laundering Officers for Banks, Financial Services and Insurance Companies,
  • New appointment as money laundering officer at leasing and factoring companies,
  • AML team staff, compliance, central office, internal audit and legal department,
  • Money Laundering Officers of Payment Institutions and E-Money Institutions pursuant to § 1 (2a) of the ZAG
  • Domestic branches and branches of comparable institutions domiciled abroad

 

Your benefit with the course “New as Money Laundering Officer”

  • 4th EU / 5th EU Money Laundering Directive and Compulsory Catalog according to §27 PrüfbV
  • New interpretations of BaFin’s interpretation of the MLA
  • Know your Customer – for demanding customer relationships
  • Recognition and evaluation of money laundering and fraud structures in practice
  • 150 points check against money laundering and terrorist financing
  • Risk analysis § 5 MLA: Practical Test Guidelines for the Prevention of Money Laundering and Economic Crime
  • Data Protection for Money Laundering Officer – Implementation § 58 GwG
  • Suspicious transaction report according to §43 and § 45 GwG: time, form and content

 

Your lead with course “New as Money Laundering Officer”

The participants receive the following S+P products:

+ S+P checklist for the test criteria according to § 27 Examination Report Regulation

+ S+P sample work instruction for the prevention of money laundering and economic crime

+ S+P checklist for the purposeful determination of the beneficial owner

+ S+P case studies on money laundering, terrorist financing and economic crime

+ Sample guideline for creating and updating a risk / hazard analysis according to § 5 AMLA

+ 150 points check against money laundering and economic crime

+ Checklist for a legally valid suspicious transaction report

 

Program Day 1 for the course “New as Money Laundering Officer”

Duties, rights and duties as money laundering officer

  • Liability guarantee – BGH judgment of 17 July 2009 on the responsibility of agents – Fines against money laundering officers – Frankfurt Higher Regional Court: judgment of 10.04.2018
  • Limitation of liability risks of the Money Laundering Officer – 5 Minimum requirements for internal organizational measures
  • “One day as money laundering officer”: activities, control actions and audit-proof documentation of the mandatory tasks
  • 5th EU Money Laundering Directive: New requirements for money laundering prevention

The participants receive the following S+P products:

+ S+P Checklist: risk analysis money fraud for financing companies and non-financing companies

 

Duty of care §10 GwG: Audit priorities of the supervisory authorities

  • The most important due diligence requirements at a glance
  • Identification process and identification of identity
  • Occurring person and fictitious beneficial owner
  • Recognition and monitoring of politically exposed persons and high-risk customers
  • Establishment of a risk-based scoring for customer monitoring
  • Transparency register: Which reporting obligations are to be observed at GmbHs, joint-stock companies, cooperatives and associations?

The participants receive the following S+P products:

+ S & P sample work instruction for the prevention of money laundering and economic crime – implementation of the new MLA

New requirements for money laundering prevention in practice

  • Characteristics, motives and typical profiles of perpetrators
  • Action strategies for unusual, complex and conspicuous business relationships or transactions
  • Fight against fraud according to §25h KWG: emergency reactions, preventive measures and emergency measures
  • Recent case studies on money laundering, terrorist financing and fraud:
    • Money laundering prevention at financial companies
    • Money laundering typologies in factoring and leasing
    • Clues for money laundering in real estate and in goods trading
    • Special requirements for gambling operators
    • New developments being picked up by the 5th EU Money Laundering Directive

The participants receive the following S+P products:

+ S+P Model Guide to Combating Fraud and Fighting Other Offenses

+ S+P case studies: 28 recent cases in the area of ​​money laundering, terrorist financing and fraud

Risk analysis according to §5 GwG and suspicion reporting in practice

  • Structure, structure and content of a risk analysis with a focus on money laundering and white-collar crime
  • The risk-based approach: risk inventory + audit-proof classification of risks + derivation of internal security measures §6 GwG
  • SARs according to §§43,45 GwG and behavior in case of suspicion
  • Revision of the deadline case: when and how to report a suspicious transaction?
  • Tipping off prohibition §47 MLA: what you have to consider?

The participants receive the following S+P products:

+ S & P Model Guidelines for Updating and Updating a Risk Analysis §5 GwG

Program 2nd Seminar Day Seminar New as Money Laundering Officer

5th EU Money Laundering Directive: What’s changing?

  • 55 recitals and their impact on money laundering prevention
  • Action plan with new requirements for the
    • Provider of virtual currencies and fiat money (EG 8 to 11)
    • Surveillance of politically exposed persons (EG 23)
    • Risk-based review of existing customers (EG 24)
    • Disclosure obligations of beneficial owners (EG 28 to 42)
    • Cross-border correspondent banking relationships (EG 43)
    • Assistance between the EU Member States (EG 44 to EG 50)
  • Increased due diligence on high risk third countries with strategic deficiencies – New requirements of the EU Delegated Regulation
  • Task Force FinTech: Monitoring cypto transactions and virtual currency usage
  • Integration with the sector-specific guidelines for money laundering prevention

 

Know your Customer in demanding customer relationships

  • Secure identification of contracting party and person appearing
  • Techniques for the fast and secure identification of the beneficial owner
  • Breakdown of multi-level corporate org charts at home and abroad
  • Assessment of the source of the funds – 3 test levels in practice
    • Asset inflow: Source of Income
    • Asset status: Source of Wealth
    • Asset transfer: Source of Funds
  • The fictitious beneficial owner – implementation in practice
  • Effects of the 5th EU Money Laundering Directive on the risk-oriented assessment of customer, country, sales channel and product risks

Techniques for research and analysis of customer information

  • Doubts about identity information – possibilities for verification?
  • Suspected smurfing, structuring and other obfuscation – What to do?
  • Operations inside and outside the existing one
  • Business Relationship – How is the demarcation made?
  • Source of Funds – Examination as increased due diligence §15 GwG: Use of economic evaluations and financial statements to examine the origin of fund
  • Top figures from the annual financial statements: Cash flow statement for the analysis of source and use of funds

The participants receive the following S+P products:

+ S+P checklists for the targeted determination of the beneficial owner

+ S+P case studies to analyze ownership and control structures

+ S+P case studies: Key figures and interpretation aids for non-balance sheet analysts

Program Day 3 for the course “New as Money Laundering Officer”:

Risk analysis according to §5 GWG: audit-proof preparation and updating of the annual financial statements

  • Money laundering aktuell: practice reports from examinations and judgments
  • Interpretation instructions for the new money laundering law
  • Structure, structure and content of a risk analysis focusing on money laundering and white-collar crime
  • Collection, identification and evaluation of risks
  • Establishment of a group risk analysis
  • Research and control activities according to the risk classification
  • ESA sector-specific guidelines on money laundering prevention Audit certainty and less workload with our valuation tools:

The participants receive the following S+P products:

+ Creation of the hazard analysis and determination of appropriate preventive measures and control actions

+ Sample guide for creating and updating a hazard analysis

Risk analysis and company-specific action strategies

  • Characteristics, motives and typical profiles of perpetrators
  • Action strategies for unusual and conspicuous business relationships or transactions
  • Special measures against fraudulent actions or other criminal acts
  • Fight against fraud according to § 25h KWG: emergency reactions, preventive measures and emergency measures
  • Application notes, case studies and practical experience

The participants receive the following S+P products:

+ Complete documentation for the direct implementation of the anti-money laundering and fraud system (size approx. 80 pages)

 

Suspicious transaction according to §§43,45 GwG: time, form and content

  • When is a suspicious transaction report?
  • Form and content of the suspicious transaction report: Which documents must be enclosed with the online declaration?
  • Internal and external suspicious transaction reports: duties of employees
  • Reporting of suspected cases – interfaces with investigating authorities
  • How are customers treated in suspicious transactions? Refusal – Prohibition of execution – New rules on deadline – Liability risks

The participants receive the following S+P products:

+ Examination instructions of the BMF for the handling of the suspicion reporting

 

Data protection for money laundering officers

  • New requirements of § 58 GwG on data protection
  • Audit proof implementation of the Data protection basic regulation and BDSG-2018
  • Proper handling of personal data
  • Are there any restrictions on the identity check and due diligence according to the GwG?
  • Obligations to correct personal data – §37 GwG
  • Interfaces in practice too
    • Processing Inventory Art. 30 EU-DSGVO
    • Data protection impact assessment Art. 35 EU-DSGVO
    • Deletion Concept Art. 17 EU-DSGVO and DIN Standard 66398
  • Group-wide uniform security measures for data protection
  • Rechtsfolgen bei der Verletzung von Datenschutzpflichten durch den Geldwäsche-Beauftragten

The participants receive the following S+P products:

+ S & P Check: Verification-proof implementation of the interface GwB and DSB

 

Program Day 4:

Top prepared for the regulatory audit of the authorities

  • Current requirements and interpretations of the new Money Laundering Act
  • Examination of the risk management according to §4 GwG – what must the commissioners and the responsible management body pay attention to?
  • Fines against Money Laundering Officers – Frankfurt Higher Regional Court: Judgment of 10.04.2018
  • 55 recitals of the 5th EU Money Laundering Directive:
    • Extended circle of obliged entities: providers of virtual currencies and fiat money (EG 8 to 11)
    • Surveillance of politically exposed persons (EG 23)
    • Reorganization of the risk-based review of existing customers (EG 24)
    • Disclosure obligations of beneficial owners (EG 28 to 42)
    • Due diligence to third countries: cross-border correspondent banking relationships (EG 43)
  • Increased due diligence on high risk third countries with strategic deficiencies – New requirements of the EU Delegated Regulation
  • Task Force FinTech: Monitoring cypto transactions and virtual currency usage
  • Integration with the sector-specific guidelines for money laundering prevention

The participants receive the following S+P products:

+ S+P Check: Prevention measures – and control actions

+ S+P control tool: Verify control actions as a money laundering agent

Legal security in money laundering and white-collar crime

  • Civil Law – Criminal Law: The main distinguishing features
  • Liability of the Management Board and senior employees towards their company
  • Real liability for tort: ​​cease and desist, commissioner liability, fine catalog 56 GwG and association fine §30 OWiG
  • Organization and delegation in the company: criminal responsibility of the employees
  • Enforcement of civil and criminal claims

The participants receive the following S+P products:

+ S+P Handbook “Prevention of money laundering and fraud”

+ S+P Guide: Acting legally safe in money laundering and fraud cases

+ S+P Check: rights and obligations in preliminary proceedings

Investigations and criminal proceedings: What you should know and pay attention to as a money laundering officer!

  • Dealing with the accused, suspects, witnesses and defenders
  • Rights and Duties of Accused and Witnesses
  • Procedures of the investigating authorities in practice
  • Proper instruction and interrogation protocol – what should be considered?
  • Use the right tactics in interrogations
  • Securing evidence: search, seizure and pre-trial detention

The participants receive the following S+P products:

+ Case studies directly from the law practice for criminal law

+ Direct exchange and discussion with the referee, lawyer for criminal law

Compliance & Money Laundering Officer – Course New as Money Laundering Officer

Our practice courses Money Laundering and Fraud – Basic course, Money Laundering and Fraud – Advanced course, Money Laundering & Fraud – Update and Money Laundering & Fraud – Forum provide you with a comprehensive overview of the current legal innovations and help you to recognize, evaluate and avoid money laundering and fraud structures to prevent in time. In the compliance courses such as compliance, compliance for sales representatives, new compliance function according to MaRisk or also compliance in the focus of banking supervision, the design of the interfaces between compliance, data protection, IT, central office and internal audit will be explained to you. The minimum requirements for setting up an overall ICS are also explained in greater detail here, for example.

In addition, you have the opportunity to complete the certification courses to the Compliance Officer, the AML & Fraud Officer or the Money Laundering Officer after attending the courses.